Stocks Slip at Market Open; Mixed Yields Impact US Debt Market

  • US stock indices open with small declines as yields in the debt market show mixed movement.

The major US stock indices are opening near unchanged on the day. Yesterday, shares were little changed as well with:

  • Dow industrial average fell -56.68 points or -0.16% at 35333.48
  • S&P index fell -8.89 points or -0.19% at 4550.44
  • NASDAQ index fell -9.84 points or -0.07% at 14241.01

At the start of trading today, a snapshot of the market currently shows:

  • DJI (Dow Jones Industrial Average): 35343.36, up by 9.88 points, an increase of 0.03%.
  • S&P 500 (SPX): 4543.31, down by -7.13 points, a decrease of -0.16%.
  • NASDAQ Composite (IXIC): 14224.50, down by -16.52 points, a decrease of -0.12%.

The small-cap Russell 2000 is trading down -8.86 points or -0.50% at 1792.09.

Looking at the US a debt market, yields are mixed/little changed:

  • US 2-Year Treasury Note: 4.8626, increased by 0.6 basis points
  • US 5-Year Treasury Note: 4.3961, increased by 0.6 basis points
  • US 10-Year Treasury Note: 4.4001, increased by 1.2 basis points.
  • US 30-Year Treasury Bond: 4.5520, increased by 1.9 basis points

The US treasury walks our 7 year notes at 1 PM ET today. Yesterday's 2 year auction was sloppy. The 5 year auction was acceptable but not great.

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